Volpi Capital announces the close of Volpi Capital Investments Conti LP
A continuation vehicle purchasing the remaining interests in Volpi’s 2016-vintage debut fund.
Volpi Capital has announced the close of Volpi Capital Investments Conti LP, a new continuation fund which has acquired the remaining interests held by Volpi Capital Investments L.P. (“Fund I”) in Cyclomedia and Digital Barriers. This transaction represents a major milestone for Volpi, allowing for the full realisation of Fund I, following the exits of investments in Version 1 and Medinet, and delivering top 5% fund returns to our investors.
The Continuation Fund has been capitalised by Schroders Capital as lead investor and it attracted strong support from existing investors alongside several new institutional investors and the Volpi team. Cyclomedia’s management team, in addition to Volpi Capital Investments III (“Fund III”) which will co-invest alongside the Continuation Fund in its investment in Cyclomedia.
Cyclomedia is a leading international provider of intelligent street-level geospatial data and information solutions. It specialises in the capture and processing of large-scale systematic visualisations of physical environments using specialised technology to collect 360˚ spherical imagery. Headquartered in the Netherlands, the company employs over 250 FTEs and operates across Europe and North America.
Since Volpi’s acquisition in 2018, the business has tripled in size. With additional capital and extended time to drive further value creation, Cyclomedia is ideally positioned for the next phase of its growth plan, focusing on the roll-out of new product initiatives that are already well-invested while leveraging Cyclomedia’s proven GTM strategy, as well as through selective strategic bolt-on acquisitions.
Rede Partners is delighted to have supported Volpi Capital once again on this transaction, having previously advised on Funds I and II. We extend our warmest congratulations to the whole Volpi team and look forward to our continued partnership.